Algoma pitches last-minute deal
Century-old steel producer Algoma Steel (ALG-T) is breathing a sigh of relief after the third time proved to be the…
News
News – 10-DEC-01
Coping with globalization fears
The World Trade Centre was perhaps the most powerful symbol of economic globalization, and the U.S. has long been seen as the champion of a free-trade, high-technology and democratic, secular society….
Tremor kills South Africans
Three miners were killed and four others injured after an earth tremor caused a rock fall at AngloGold’s Savuka mine, 30 km west of Johannesburg.The tremor, which measured 2.6 on the Richter scale, oc…
Enron demise shakes metals markets
Base metals prices put in a mixed performance during the report period Nov. 26-30, driven by further production cuts and by differing responses to Enron’s troubles (see editorial, page 4). Copper, whi…
Mining a model of productivity
A new study has found that the Canadian primary metals sector has the highest overall ranking among all industrial sectors for use and application of advanced technologies.The study, titled Mining Inn…
CVRD, Codelco in talks
Chilean state copper enterprise Codelco and privatized Brazilian miner Companhia Vale do Rio Doce (CVRD) (RIO.PR-N) are negotiating to form a joint copper-producing venture in the Americas.CVRD, the l…
Expat joins Amarc at Fox River (December 10, 2001)
Vancouver — Having just acquired the Fox River nickel-copper-platinum-palladium property from sister company Rockwell Ventures (RCW-V), Hunter-Dickinson-led Amarc Resources (AHR-V) is dealing a 12% i…
Saskatchewan finances diamond exploration
The federal and Saskatchewan governments will jointly fund a geological study of diamond-bearing rock in the Fort la Corne area, 50 km north of Prince Albert.The federal portion of the funding is pa…
More gold in Caucasia: study
Several countries in Central Asia have the potential to become major gold producers, according to a report by the London-based World Gold Council.The report, titled The Golden Road: The Importance of …
Shanghai gold exchange opens
China took another step toward deregulation of its gold market in late November when the Shanghai Gold Exchange opened its doors for a day of simulated trading to test its electronic trading system.In…
Imperial files for court protection (December 10, 2001)
Vancouver — Imperial Metals (IPM-T) has been granted bankruptcy protection by the Supreme Court of British Columbia. The junior filed for protection as a result of financial troubles caused by low go…